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Why buy property in istanbul Turkey

When considering a property purchase in the wonderful city of Istanbul, firstly you need to decide why you are buying and your budget, Is it for pure investment for capital appreciation or rental yields? or is it a lifestyle change or holiday home for you and your family?

Istanbul is like any other major city in the world, city centre and sea view properties come with a premium price tag, quite often with six-figure tags.

Scores of overseas investors have zoned in on the city over recent years purchasing properties all across the city, cashing in on both short and long term rentals. Keen-eyed investors are buying off plan properties at launch prices where property prices increase by at least 50% by the completion dates giving you guaranteed capital appreciation in very short space of time.

The are you choose is a very important factor along with your budget, home buyers with a high budget can purchase luxury Bosphorus properties, though low budget buyers should be looking in the new fashionable inner city areas of Beylikduzu, Esenyurt west of Ataturk International airport.

Luxury property for sale in ISTANBUL

Istanbul has been going through some major changes in the past few years, with huge regeneration program’s across the city’s suburbs with this providing a vast number of quality homes for a varied range of property buyers, which has given the city one of the top spots for property investment in Europe.

Luxury property in Istanbul has taken is a big feature on the real estate market, and like any big city around the world prices for luxury accommodation in Istanbul can be featured with very high price tags, especially when located in or close to the city centre or in the many prestigious areas with some luxury real estate in Istanbul reaching the seven figure price bracket.

Luxury accommodation for sale can be much more attractively priced for those on lower budgets when you search the outer city suburbs, in areas such as Beylikduzu and Esenyurt and when you purchase an Istanbul luxury property in these newer developing areas you will also benefit generally from a slightly lower cost of living than that of the city centre.

Contact Turkey Homes when looking to buy luxury property in Istanbul and our advisors can offer you their vast knowledge of the city, answer any of your questions and will guide you through every aspect of the property buying process.